Michael Saylor’s STRC has been off parity for five months
Despite Strategy’s attempts to bring STRC back to par, the perps have stubbornly remained below parity since May 15.
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Strategy dips on bad MSCI World Index news
A powerful committee adopted “non-operating company” rules that could remove Strategy from the prestigious MSCI World Index.
Strategy’s USD Cash down 60% in seven weeks
Strategy’s USD Cash pile has plummeted 60% from $1.61B in late August to just $640.5M a few days ago.
Strategy has burned through 64% of its STRC rescue fund
Strategy has burned through 64% of its $2B STRC rescue fund, leaving less than $724M after 10 weeks of buybacks.
— Michael Saylor, MicroStrategy
Strategy paid $100M extra to buy back the bitcoin it sold
Strategy spent recent weeks rebuying 5,553 of the BTC it sold this summer. After selling low and re-buying high, the cost exceeds $100M.
— BTC, Jim Chanos
Jim Chanos is calling for another MSTR short
Jim Chanos has called the ballooning share count at Strategy a "pure arbitrage" opportunity to bet against MSTR while staying long BTC.
MSTR has lost 75% of its value since STRC began trading
It has been a year since Michael Saylor’s Strategy launched STRC, and the price of MSTR has declined 75% since it started trading.
— Michael Saylor, MicroStrategy
Strategy has lost two-thirds of its mNAV in two years
Strategy’s basic mNAV stood at 2.04x two years ago. On Wednesday it read 0.68x, a decline of exactly two-thirds.
Michael Saylor has sold $14 billion MSTR under 2.5x mNAV
Michael Saylor’s 2.5x mNAV anti-dilution pledge lasted less than three weeks. Strategy has sold $14.3B of MSTR below that mNAV since.
Buy STRC and make 28%? Traders say no thanks
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.